Matrixport acquires Crypto Finance, steps into Europe

Matrixport, founded by Jihan Wu, one of the most well-known names in the crypto world, acquired Crypto Finance, a subsidiary of Deutsche Börse. Crypto Finance, which is regulated in both Switzerland and Germany, recently took over the crypto services of the German giant Commerzbank.

The Crypto Finance company, which was founded in Switzerland and regulated here with the acquisition of German Deutsche Börse, was acquired by Matrixport. Matrixport also made the official statement on the subject.

Name changed

The new name of Crypto Finance, which offers cryptocurrency services and solutions to companies in Europe, is Matrixport Asset Management. Crypto Finance's investment management executive also became the CEO of the company.

They had agreed with Commerzbank

Commerzbank, one of the oldest and largest banks in Germany, recently announced cooperation with Crypto Finance. Crypto Finance was responsible for Commerzbank's crypto activities. There are more than 600 million dollars of assets under the management of Commerzbank.

Jihan Wu, the owner of Matrixport, comes to the fore as one of the most powerful names in the cryptocurrency world. Wu, who is also a co-founder of Bitmain, the largest Bitcoin mining device manufacturer, left Bitmain in 2020 after a major crisis. Wu is also the owner of the Bitdeer mining company, which is listed on Nasdaq.